Information Structure and the Tragedy of the Commons in Resource Extraction

This paper considers the well-known Levhari-Mirman discrete-time model of resource extraction, and investigates the effects of the information structure of the dynamic game - open-loop, Markovian or history-dependent - on the equilibrium consumption path and the overall utility of the agents. Due to...

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Veröffentlicht in:	Journal of bioeconomics 2006-08, Vol.8 (2), p.147-165
Hauptverfasser:	Nannerup, Niels, AMIR, Rabah
Format:	Artikel
Sprache:	eng
Schlagworte:	C73 Compliance Consumption dynamic resource games Economic models Economic theory Equilibrium Externality H41 Information open and closed loop strategies Pareto optimality Pareto optimum Q20 Q22 Quotas regulation Renewable resources Studies trigger strategies
Online-Zugang:	Volltext
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